The economy is more efficient because _____
A) banks develop expertise in evaluating creditworthiness.
B) borrowers develop expertise in structuring loans.
C) borrowers develop expertise in enforcing loan contracts.
D) banks reduce the transaction costs of channeling savings to creditworthy savers.
E) banks increase the transaction costs of channeling savings to creditworthy borrowers.
Correct Answer:
Verified
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A)
Q31: Which of the following is correct?
A) Savers
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